University of Texas Texas AM Investment Management Co. Invests $1.01 Million in Kinder Morgan, Inc. $KMI

University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, HoldingsChannel.com reports. The fund acquired 31,540 shares of the pipeline company’s stock, valued at approximately $1,008,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Kinder Morgan by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock valued at $5,780,637,000 after purchasing an additional 2,165,130 shares during the last quarter. State Street Corp lifted its stake in shares of Kinder Morgan by 2.2% in the fourth quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock worth $3,212,490,000 after buying an additional 2,510,601 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after buying an additional 836,571 shares during the period. Norges Bank acquired a new position in Kinder Morgan in the 4th quarter valued at $1,132,125,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Kinder Morgan by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock valued at $827,582,000 after buying an additional 195,088 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at $5,423,004.42. The trade was a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 15,432 shares of company stock valued at $493,849. 12.72% of the stock is owned by company insiders.

Kinder Morgan Trading Up 2.3%

Shares of KMI opened at $32.83 on Friday. The stock’s 50-day moving average price is $31.99 and its 200 day moving average price is $32.24. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $73.09 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.64 and a beta of 0.54. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the company earned $0.28 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KMI shares. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Morgan Stanley set a $38.00 target price on Kinder Morgan in a research note on Wednesday, July 29th. Finally, Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.50.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.